A. Definitions: For the purpose of this section, the following definitions shall apply:
HOTEL: Any building or buildings in which the public may, for a consideration, obtain living quarters, sleeping or housekeeping accommodations. The term includes inns, motels, tourist homes or courts, lodging houses, rooming houses and apartment houses.
PERMANENT RESIDENT: Any person who occupies or has the right to occupy any room or rooms in a hotel for at least thirty (30) consecutive days.
PERSON: Any natural individual, firm, partnership, association, joint stock company, joint venture, public or private corporation, or a receiver, executor, trustee, guardian or other representative appointed by order of any court.
RENT OR RENTAL: The consideration received for occupancy, valued in money, whether received in money or otherwise, including all receipts, cash, credits and property or services of any kind or nature.
ROOM OR ROOMS: Any living quarters, sleeping or housekeeping accommodations.
B. Tax Imposed: A tax is hereby imposed upon all persons engaged in the village in the business of renting, leasing or letting rooms in a hotel on the gross rental receipts, the proceeds of such renting, leasing or letting to permanent residents of that hotel. The tax shall be at the rate of five percent (5%) of the gross rental receipts.
C. Tax Return: Each person subject to the tax imposed in subsection B of this section shall make a tax return as required by this section to the village treasurer on or before the tenth day of each month, stating:
1. Name;
2. Principal place of business;
3. Gross receipts during the prior month upon the basis of which the tax is imposed;
4. Amount of tax;
5. Such other reasonable and related information as the corporate authorities may require.
D. Payment Of Tax: Each person making the return shall, at the time of making such return, pay to the village treasurer the amount of tax herein imposed.
E. Use Of Proceeds: The proceeds from the tax collected pursuant to this section shall be used solely to promote tourism and conventions in the village or otherwise to attract nonresident, overnight visitors to the village, unless otherwise permitted by state law. No such funds shall be used to advertise for or otherwise promote new competition in the hotel business. (Ord. 720, 7-24-1986)